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The true reason XE is losing money is due to unprofitable CPA's that were driven directly by SkyWest Inc. during their first buyout attempt. This is readily admitted by top SkyWest executives on their Q2 earnings call. Perhaps you should listen to that.Originally Posted by Captain Tony
And let's not forget these industry outliers, which are the true reason XE is losing money
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Company paid defined contribution retirement plans
90% company paid PPO health insurance
Company paid On the Job Injury (OJI) bank
Line Bidding with vacation touch/drop
You forgot LTD. Originally Posted by Captain Tony
Industry leading 50 seat RJ ratesCompany paid defined contribution retirement plans
90% company paid PPO health insurance
Company paid On the Job Injury (OJI) bank
Line Bidding with vacation touch/drop
That out of the way, isn't the list above one that any union negotiator would strive for? Especially when the company readily acknowledges that revenue, not costs, are the problem? Who exactly are you negotiating for - labor or management?
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So yes, it's time for the ACQUIRED (not hired) carrier to get on board or get parked. The SKW BOD has clearly run out of patience. They are not going to let the angry money losing side sink the profitable and willing side.
Please point to factual information detailing that the SKW BOD has "clearly run out of patience." Don't waste our time with #'s of A/C being parked; that was known info before the failed JCBA came out. Perhaps you should take a look at the static fleet plan while you are listening to the SKW Q2 earnings call you clearly missed. You'll notice CRJ's get parked at the same relative rate as ERJ's. Originally Posted by Captain Tony
This is not a union vs union pi$$ing contest. This is a very real merger failure because of diametrically opposed cultures clashing in a vacuum of leadership.So yes, it's time for the ACQUIRED (not hired) carrier to get on board or get parked. The SKW BOD has clearly run out of patience. They are not going to let the angry money losing side sink the profitable and willing side.
Just because you want something to happen and spew it all across the internet doesn't make it reality. The fact that you clearly hope a fellow union carrier would be shut down and fellow union brothers and sisters would lose their jobs speaks volumes to your character.